Trump says he wouldn’t stop Fed Chair Powell from resigning

WASHINGTON: US President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn’t try to stop the chief US central...

Trump presses US companies to close China operations

WASHINGTON: President Donald Trump said on Friday he was ordering US companies to look at ways to close their operations in China and make...

India Inc grows impatient as economy dips and Modi is distracted

When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big...

China to levy new tariffs on $75bn worth of US imports

BEIJING: China announced Friday it will hit US imports worth $75 billion with new tariffs as retaliation for Washington's planned tariff hikes, further intensifying the...

India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

Trump talks up economy, talks down Fed amid mixed data

WASHINGTON: President Donald Trump on Thursday said the US economy was doing well and could be record-setting if only the Federal Reserve lowered interest rates...

Eurozone bankers warn of ‘more protracted’ slowdown

BERLIN: Eurozone central bankers had worried that an economic slowdown hitting the bloc would drag on, as they prepared the ground for a new package...

IMF to Trump: It’s not working

WASHINGTON: US tariffs on China won't fix the trade deficit, and neither will weakening the US dollar through interest rate cuts, International Monetary Fund economists...

Alibaba postpones up to $15bn Hong Kong listing amid protests

HONG KONG/NEW YORK: China's biggest e-commerce company Alibaba Group Holding Ltd has delayed it’s up to $15 billion listing in Hong Kong amid growing...

Water pollution can reduce economic growth by a third: WB

WASHINGTON: Heavily polluted water is reducing economic growth by up to a third in some countries, a World Bank report said, calling for action to...

Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...

Climate change could rain on Saudi Aramco’s IPO parade

LONDON: The state energy giant’s vast oil reserves – it can sustain current production levels for the next 50 years – make it more...

Huawei dismisses new suspension of ‘unjust’ US ban

BEIJING: Huawei on Tuesday dismissed Washington's three-month delay to a ban on US firms selling to the Chinese tech giant and said the decision would...

China cries foul over Facebook, Twitter block of fake accounts

BEIJING: China said on Tuesday it had a right to put out its own views after Twitter and Facebook said they had dismantled a state-backed...

US gives Huawei 90 day reprieve on ban

WASHINGTON: The United States gave Huawei a 90-day reprieve Monday on a ban against buying US technology, but added nearly four dozen subsidiaries of the...

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PIA hikes UAE fares

Pakistan International Airline (PIA) has increased fares up to Rs6,000 for two sectors of Middle East – Dubai and Abu Dhabi, a private media...

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PM reviews economic progress, ministries’ performance 

Prime Minister Imran Khan on Saturday held a meeting with his economic team to discuss the country's economic situation and to prepare a comprehensive...